Posted 3/9/2024, 4:27:35 PM
Nigerians Still Paying High Cement Prices Despite Government Efforts to Reduce Costs
- Nigerians express concerns about high cement prices despite government meeting with producers to reduce costs
- Producers agreed to cut prices to N7,000-N8,000 per bag, but checks show retailers still selling from N10,500-14,000 in Lagos and Ogun
- Some northern states like FCT, Niger, Nasarawa have seen reductions to N8,000-9,500 per bag
- High prices causing housing deficit to worsen as Nigerians abandon building projects
- One cement seller in Kaduna refunded customer N400 per bag after later price drop to N7,800